Market Research Report
South America Eubiotics Market - Growth, Trends and Forecasts (2020 - 2025)
|South America Eubiotics Market - Growth, Trends and Forecasts (2020 - 2025)|
Published: June 1, 2020
Mordor Intelligence Pvt Ltd
Content info: 110 Pages
Delivery time: 2-3 business days
South America's eubiotics market is projected to register a CAGR of 7.4% during the forecast period (2020 - 2025). Eubiotic products are feed supplements given to animals to promote gut health and the overall health of the animal. The eubiotics market is driven by the growth of the livestock industry and Increasing awareness about feed quality and safety. The South American eubiotics market is consolidated with few players holding major share in the market.
Brazil Dominates the Market
Being the leading livestock producer of the region, Brazil holds the major share of the South America Eubiotics market. Brazilan animal production industries have been growing continuously due to the government support and demand for various meats. Awareness of the impact of eubiotics on animal health has been increasing among the brazil animal farmers, promoting the consumption of Eubiotics. The eubiotics market in Brazil is anticipated to increase at a rapid rate in the coming years due to increasing animal production.
Increasing Awareness Among the Farmers Drives the Market
The use of probiotics and prebiotics in animal feeds has been shown to benefit digestion, animal performance, and the immune system. Farmers in relatively developed countries of South America such as Brazil and Argentina started recognizing the importance of animal feed supplements such as eubiotics. This is fueling the consumption of Eubiotic feed additives in the region and aiding the market. Escalating demand for better animal feed quality and enhanced living standards of the consumers are expected to boost the demand for eubiotics further in the near future.
South America eubiotics market is consolidated with few players holding a major share in the market. BASF SE, Novus International, Cargill, etc, are some of the leading players in the regions. These players frequently launch new products to increase their sales. Along with new product launches, these companies are also concentrating on merging, acquisitions, and partnerships to continue their domination.